News Summary: Copper rises on economic aid hope

AP News
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Posted: Aug 07, 2012 3:46 PM

COPPER SHINES: Copper rose on renewed hope for more aid for the global economy. Copper is considered a reliable barometer for how well the economy is doing because it has so many uses, ranging from construction to manufacturing. Demand tends to increase when those industries are strong.

WAITING GAME: China is scheduled to release new economic reports this week. Traders say weak numbers may lead to additional measures to help China's economy. They also anticipate that the U.S. and Europe will do more to promote growth in their economies.

UP, DOWN: Prices rose for most metals and energy products. Gold, wheat, corn and soybeans fell.